...The major accounting regulatory bodies would include the Securities and Exchange Commission, American Institute of Certified Public, Financial Accounting Standards Board, and Government Accounting Board. Each regulatory body contributes to the ethical over watch of companies by keeping them transparent, follow GAAP, and other ethical practices that should be used by accountants and their companies. The Securities and Exchange Commission regulates companies in how they report their financial statements and to make sure that investors receive all necessary information that involves investment decisions. This commission helps ensure that investors are not deceived and allows them to make better investment decisions. The American Institute of Certified Public Accountants sets guidelines and standards on how companies should be audited, and set standards in accounting practices that certified public accountants should follow. Like the American Institute of Certified Public Accountants, the Financial Accounting Standards Board sets up standards for companies and how they should be reporting their financial reports. Companies that follow the FASB standards can provide more accurate financial information than those who do not. It is important to note that the FASB is for the private sector, the compliment to this regulatory body would be the Government Accounting Standards Board who sets standards for government agencies, programs, and bodies. The GASB is crucial for the federal government...
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...Regulatory Bodies The Internal Revenue Service is there to administer and to enforce the internal revenue laws. The second one is Securities and Exchange Commission (SEC). They are in place to make to make business to adhere to the GAAP and regulate the securities markets. The third one is The Financial Accounting Foundation (FAF). This is a privet sector organization to help keep the standards for the financial accounting. The fourth on is the Financial Accounting Standards Board (FASB) put in to place for to help keep up the standards for nongovernment financial accounting and reporting. The fifth one is the Governmental Accounting Standards Board (GASB) is a part of the FASB that are of the state and local levels. The sixth on is the Federal Accounting Standards Advisory Board (FASAB) is the one that develop the accounting standards. The FASAB was put in order in1990 to help put together the GAAP for the federal government. The Seventh on is, International Accounting Standards Board (IASB) is the ones that makes sure that all the International accounting laws are followed. They are the ones that developed the standards going through other countries across the world. The eighth on is, Public Company Accounting Oversight Board (PCAOB) is the ones that come up with the auditing standards for the public auditing firms. All accounting firms have to register with the (PCAOB). The (PCAOB) are there to make sure that accounting work is being done right. If there is something not being...
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...The Major Regulatory Bodies and their Functions There are nine major regulatory bodies. The first is Internal Revenue Service, or, (IRS).The function of the IRS is to administer and enforce the internal revenue laws. The second is Securities and Exchange Commission or (SEC). The function of Securities and Exchange Commission is to regulate the securities markets. The SEC requires public companies to obey the generally accepted accounting principles, or, (GAAP). Third is Financial Accounting Foundation or (FAF). The function of the Financial Accounting Foundation is to make standards for financial accounting on nongovernmental, and state and local levels all the same. The Financial Accounting Foundation is a private-sector organization. The fourth is Financial Accounting Standards Board or (FASB). The function of the Financial Accounting Standards Board is to make standards for nongovernmental financial accounting and reporting. The fifth is Governmental Accounting Standards Board or (GASB). The function of the Governmental Accounting Standards Board is to make generally accepted accounting principles for local and state governments. The sixth is Federal Accounting Standards Advisory Board or (FASAB). The function of the Federal Accounting Standards Advisory Board is to make generally accepted accounting principles for the federal government. The seventh is International Accounting Standards Board or (IASB). The function of the International Accounting Standards Board...
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...Accounting Regulatory Bodies There are many different types of regulatory bodies to regulate financial accounting and financial reporting. These types of regulators help make financial reports and accounting easier to read and understand. End users to these reports include investors, lenders, etc. The Public Company Accounting Oversight Board (PCAOB) was created to oversee the auditors of public companies to protect the interests of investors and further interest in the preparation of informative, fair, and independent audit reports (Public Company Accounting Oversight Board, 2008). There are standards adopted by the PCAOB and some of these standards are: referencing PCAOB in auditors’ reports, an audit of internal control over financial reporting performed in conjunction with an audit of financial statements, providing audit documentation, reporting if a previously reported material still exists, and compliance with auditing and related professional practice standards (Public Company Accounting Oversight Board, 2008) The Governmental Accounting Standards Board (GASB) is a not-for-profit organization that establishes and improves standards of financial accounting and reporting for state and local governments in the U.S. (Governmental Accounting Standards Board, 2008). Their standards include: useful financial reports, reliable, relevant, and consistent information, unique and distinguishing characteristics of the governmental environment, and improve understanding...
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...Using 250 – 300 words, answer the following, What are the major regulatory bodies and their functions? According to the appendix H in our weekly readings, it list nine major regulatory bodies in the United States. The first one is the Internal Revenue Service (IRS) and its purpose is to administer and enforce the internal revenue laws. The second major body is the Securities and Exchange Commission (SEC). They require public companies to adhere to the GAAP and regulate the securities markets. The next major regulatory body is listed as the Financial Accounting Foundation (FAF). This is listed as a private sector organization to create standards for financial accounting. The fourth body is the Financial Accounting Standards Board (FASB). This body was created by our previous body, the FAF, and they set up standards for nongovernment financial accounting and reporting. Our fifth body to discuss is called Governmental Accounting Standards Board (GASB) and they are the counterpart of FASB for the state and local levels. The next regulatory body is called the Federal Accounting Standards Advisory Board (FASAB). This body was established in 1990 in order to produce GAAP for the federal government. Now we come to the International Accounting Standards Board (IASB). They develop standards through the international consultation process with people from various countries across the world. The eighth body is the Public Company Accounting Oversight Board (PCAOB). They were established to...
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...Accounting Regulatory Bodies University of Phoenix Principles of Accounting ACC/300 Financial accounting is necessary for managers to make educated decisions for future operations based on accurate company financial data. The company’s accountants also prepare financial reports on a regular basis to provide company financial information and performance to external audiences such as investors, creditors, and auditors. These reports must conform to the Generally Accepted Accounting Principles (GAAP) which were put in place by the Securities and Exchange Commission (SEC) and enforced by several other agencies. This paper will discuss some of these regulatory bodies and how a company must comply with these agencies. The Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB), Internal Revenue Service (IRS) and other regulatory bodies set accounting standards and requirements for accounting reporting frequency and presentation. The SEC was created in during the great depression in 1934 following the stock market crash in 1929.The SEC was initially created to regulate the stock market and prevent large corporations from abusing the sale and reporting of stocks. The SEC enforces seven major laws that govern the trading industry: the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act...
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...Government Regulatory Bodies The Department of Defense was created by the National Security Act of 1947 by combining the three military branches, Army, Navy, and Air Force. They were placed under the direct control of the Secretary of Defense, currently Ashton Carter, confirmed by Senate. The Department of Defense is responsible for providing the military forces needed to deter war and protect the security of our country. They are also supervising all agencies and functions of the government concerned directly with national security and the United States Armed Forces. This agency is currently confronting the Islamic State group, seizing territory in Syria and Iraq. President Obama proposed authorization to use military force against the Islamic State of Iraq, secretary of Defense told the Senate on March 11, 2015. The Department also has the largest employer in the world, with more than 2 million servicemen and women as well as civilian workers The Department of Labor was established in 1913 in response to years of lobbying by organized labor for a voice in the federal government that would improve the welfare of working people. The purpose of the Department of Labor is to foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States. They are responsible to help workers, job seekers and retirees by creating standards for occupational safety, wages, hours and benefits, unemployment insurance benefits, reemployment services, and...
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...SEC – Securities and Exchange Commission: The SEC requires public companies to adhere to generally accepted accounting principles. The mission of the Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. AICPA - American Institute of Certified Public Accountants: The AICPA is the world’s largest association representing the accounting field. The AICPA's mission is to provide members with the resources, information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public, employers and their clients. The AICPA works with state CPA organizations and gives priority to those areas where public reliance on CPA skills is most significant. FASB - Financial Accounting Standards Board: The mission of the FASB is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports. GASB - Governmental Accounting Standards: The Governmental Accounting Standards Board (GASB) is the independent organization that establishes and improves standards of accounting and financial reporting for U.S. state and local governments. The mission of the Governmental Accounting Standards Board is to establish and improve standards of state and local governmental accounting and financial...
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...four major regulatory bodies. These bodies were created by the United States to help maintain accurate and proper reporting. The first is the Securities and Exchange Commission. This body helps protect investors by ensuring they have all the proper reports and data to make sound and precise investment decisions. If these reports are in any way false or misleading this accounting body can bring up civil charges against the company. The second major regulatory body is the American Institute of Certified Public Accountants. This regulatory body was created to help represent accountants. This body helps provide education and knowledge to accounts and companies. They also make sure that all ethical and technical guidelines are followed. The third major regulatory body is Financial Accounting Standards Board. This body takes care of the nongovernmental establishments. They make sure companies are following the proper guidelines and rules. They enforce national accounting standards to create accurate and trust worthy reports and data. They were created to improve and maintain the current accounting standards. The fourth and final major regulatory body is the Governmental Accounting Standards Board. This regulatory body deals with government based companies and their accounting standards. They set the rules and established the guidelines that govern and maintain the accounting world in government. They do a lot of the same jobs as the other major regulatory bodies. They maintain...
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...Whole Body Donation for Research and Education. There are several types of donations that can occur after death. Organ donation, this occurs primarily occurs for the purposes of life saving transplantation. Tissue and eye donation for the purposes of transplantation, which is primarily, considered life enhancing. In some cases it could be considered life saving but for the most part a person would survive without the transplantation. This includes things such as bone grafts for accident or cancer victims, or eye (cornea) donation. They would likely live without it but might otherwise be significantly impaired i.e. blind, or crippled. Organ eye and tissue donation for transplantation is one of the most highly regulated areas in healthcare. Multiple regulatory agencies at the federal level such as CMS (Center for Medicare Services), FDA (Federal Drug Association), UNOS (United Network for Organ Sharing) have oversight. These areas of donation are also regulated in many, but not all cases by state oversight. This regulation while adding cost and complication helps assure the safety of the public. The next area of donation is done for the purposes of education or research. This area is completely unregulated in most states. The bodies donated to unregulated programs can be used for a variety of purposes. Often they are used as cadavers for training medical students. The remains could also be used as anatomical models for a chiropractor’s office, be processed...
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...Stories of Black Women” by Alice Walken. Based on what I know about Alice Walken and her work, I assume Myop is a young girl from a dark colored family in the south, which world limits to the wood behind her family’s house. In the beginning of the story Myop is a happy child with a child’s innocence and illusions. The atmosphere in the beginning is also very calm and peaceful. All these changes when Myop steps on a dead body in the wood. “.. and she reached down quickly, unafraid, to free herself” (p. 107 l. 33) As you see in this quote Myop is not afraid of the situation, but looks at it with a child’s eyes of interest, and trying to make her own experiences. She doesn’t know yet that she has to be afraid. The calmness is then broken and the sentiment changes. Something is wrong and when Myop wants to go back to the peacefulness of the morning, she can’t. The calmness she knows and is pursuing is gone, as Myop has left her childhood. The point of no return would be when Myop steps upon the body, that’s the turning point of her life. Not only he finds a dead body, but also his white teeth are cracked that shows us that he probably had been beaten up before the lynching.In her ‘illusions’, life is good and fair. Her illusion of the world is not including murder, and when she sees this man – dead by either one – her perspective of the world changes, and her illusions cracks. Mypo...
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...are manipulating, diminishing and imposing changes that disrupts the well being of our communities. My physical, mental, emotional and spiritual being is extremely out of balance where healing can only come from within and I must rise above the injuries of yesterday otherwise I will be the vessel of tomorrow’s generations that may lead to the fatality of a people. I am a warrior gravely wounded from the incarceration of an Indian Residential School and the genocides, but it is time that my resilience will abrogate the usurping of my people’s rights, liberties and freedoms upon the lands and resources we own, enjoy, use and occupy. I must heal myself by picking up the multiple years of baggage and heal every single wound that has pierced my body and soul so that I can live without shame, poverty, abuse and anger. Then and only then will the healing drums give strength, pride and dignity among the hearts and minds of all Warriors. Canada Day Poem of Wayne Nicholas July 1st, 2010...
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...Vikhyat Mundlapudi Mr. Brandstetter ENG-3UH Monday, September 26th, 2011 yThe Ripple in the Pond Janice Galloway's “this much is constant” is a testament to adults who have let out all their bottled up issues in the form of crime. Through her choice of descriptive words, she hints at the fact that the protagonist may have revisited her childhood home, only to murder her mother. The protagonist's feelings start to be revealed on the first page when she talks about how fear and wonder are constants, meaning that even though all the fearful and wonderful things that happened to her have long passed, they were still fresh in her mind, staying with her for eternity. The reader discovers that she has the longing to accomplish something as she says, “Determination is never outgrown; only with fear and wonder, adapted, reviewed, refined.” (p169) This can be interpreted as the protagonist had wanted to do something in her childhood, and that desire had never outgrown her, it had just been more refined to a point in her adulthood where she could conceivably execute her plan. She says, “Fear is never outgrown...,” (p169) meaning that even though she now has the plan to go along with her determination, she is still as fearful as the child she used to be. Her fear seems to stem specifically from this home, as she talks about how home is where bones grate against each other, signifying conflict, and as many child psychologists will say, a home with much conflict is the devil's workshop...
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...theory on an organism’s life existing within and “through” skin, Sullivan harnesses the acceptance of the “transaction” allowing all processes to occur as a means positive transformation. Through the boundaries of sex and race, Sullivan reveals the human individual as a body no longer bounded by absolute substance. Instead, we can find direction and freedom within the dynamic relationship of body and environment, and address the impact of the insurmountable activities of life “on people’s lived situations and experiences” (Sullivan 3). Acknowledgment of our transactional bodies formation by mutual constitution and categorization of the world comes with the examination of the “hidden assumptions and blind spots” that accompany a particular perspective, and ultimately, the potential of changed habit for achieving what Dewey previously defines as a Great community (Sullivan 4). By encouraging the collaboration and advantages of a transactional perspective of our own body, Sullivan wishes to free the boundaries of fixed habit and improve bodily existence through a blend of 20th Century pragmatism. Sullivan’s concern remains within the social, ethical, and epistemological implications of transactional bodies, encouraging the explanation of the true harm and benefit of different transactions onto different people. Subject and object compartmentalized as separate entities suggest an exchange that never allows for the conceptualization of co-constitution, so Sullivan respectively...
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...refuses to pay her taxes or state her purpose for buying the poison. Emily also avoids the law when she refuses to have numbers attached to her house when federal mail service is delivering. Her dismissal of the law eventually takes on more threatening consequences, as she takes the life of the man whom she refuses to allow abandon her. Emily’s anxiety, however, lead she in a different direction and the final scene of the story suggests that she is a necrophiliac. Necrophilia typically means a sexual attraction to dead bodies. In a broader sense, the term also describes a powerful desire to control another, usually in the context of a romantic or deeply personal relationship. Necrophilia’s tend to be so controlling in their relationships that they ultimately resort to bonding with unresponsive individual with no resistance with dead bodies. Mr. Grierson controlled Emily, and after his death, Emily temporarily controls him by refusing to give up his dead body. She ultimately transfers this control to Homer, the object of her affection. Unable to find a traditional way to express her desire to possess Homer, Emily takes his life to achieve total power over him. Antigone is very much her father’s daughter, and she begins her play with the same swift decisiveness with which Oedipus began his. Within the first fifty lines, she is planning to defy Creon’s order and bury...
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